, LML4806 Assignment 1 Semester 1 2026 - DUE MARCH 2026; 100%
CORRECT AND TRUSTED SOLUTIONS
QUESTION 1
Type of company that Multicuisine Ramatla (RF) Ltd falls under
With reference to the Companies Act 71 of 2008, Multicuisine Ramatla
(RF) Ltd is classified as a private company with restricted purposes.
Statutory basis
Section 1 of the Companies Act 71 of 2008 defines a private company
as a profit company that:
Is not a state-owned company;
Has its Memorandum of Incorporation (MOI) prohibiting the
offering of its securities to the public; and
Restricts the transferability of its shares.
The abbreviation “(RF)” stands for “ring-fenced”, which has specific
legal significance under the Act. In terms of section 11(3)(b) of the
Companies Act, a company must include the letters “RF” in its name if
its MOI contains restrictive conditions relating to:
The company’s objects or activities; or
The use of its assets or income.
These restrictions are binding and enforceable, and any person dealing
with the company is deemed to have notice of them.
Application to Multicuisine Ramatla (RF) Ltd
CORRECT AND TRUSTED SOLUTIONS
QUESTION 1
Type of company that Multicuisine Ramatla (RF) Ltd falls under
With reference to the Companies Act 71 of 2008, Multicuisine Ramatla
(RF) Ltd is classified as a private company with restricted purposes.
Statutory basis
Section 1 of the Companies Act 71 of 2008 defines a private company
as a profit company that:
Is not a state-owned company;
Has its Memorandum of Incorporation (MOI) prohibiting the
offering of its securities to the public; and
Restricts the transferability of its shares.
The abbreviation “(RF)” stands for “ring-fenced”, which has specific
legal significance under the Act. In terms of section 11(3)(b) of the
Companies Act, a company must include the letters “RF” in its name if
its MOI contains restrictive conditions relating to:
The company’s objects or activities; or
The use of its assets or income.
These restrictions are binding and enforceable, and any person dealing
with the company is deemed to have notice of them.
Application to Multicuisine Ramatla (RF) Ltd
